CNBC Confusion about Microsoft

According to Silicon Alley Insider, CNBC this morning “reported that Microsoft had lowered its REVENUE guidance on its conference call. Not surprisingly, the stock immediately tanked. But what Microsoft actually lowered was EXPENSE guidance.”

That distinction is a big one (apparently). CNBC’s Jim Goldman reported the original news and the “clarification” several minutes later.

After the jump, you can see a series of videos cataloging the incident.